Mainland ride-hailing giants back Hong Kong plan to cap permits at 10,000

Two major mainland Chinese ride-hailing companies, Amap and Didi Chuxing, have publicly supported Hong Kong's plan to cap vehicle permits at 10,000. This proposed cap is part of a new regulatory framework being considered by the Legislative Council, with a vote expected in July. Amap stated that the government's proposed limit takes into account Hong Kong's urban environment, aiming to balance demand with the avoidance of intense competition and traffic congestion. The American Chamber of Commerce in Hong Kong, however, has expressed concerns that the 10,000-permit cap is insufficient.